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assets
You and your spouse decide to file for divorce. At the beginning of the process, you’re instructed to bring documentation of the assets you control so that the court can decide how they should be divided. You get there, and you feel like the assets look thinner than they should have been. Maybe the bank...
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During your marriage, it’s safe to assume that you make a variety of important financial decisions alongside your spouse. While this is commonplace, every move you make will impact you in the event of a future divorce, so tread carefully. Sometimes, there is more to property division than meets the eye. For example, you may...
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 When people think of divorce their minds often drift to the financial implications, especially when children are not involved. There is good reason for this, as divorce can have a lifelong impact on a person’s finances. Throughout history there have been staggeringly costly divorces that have demonstrated this. Let’s take a look. A Billion Dollar Divorce...
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Dividing marital property during a divorce can be an extremely complex and frustrating process. Occasionally, divorcing spouses make it through this process agreeing to maintain joint ownership of certain assets after the marriage ends. Joint ownership of property after divorce can be applied to the marital home as well. For whatever reason divorcing spouses choose to maintain joint ownership...
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Generally speaking, an inheritance received by one spouse during a marriage is not subject to property distribution in divorce. Even though each state has its own laws regarding how it is viewed in divorce, typically inheritance received both before and during a marriage is not affected by equitable distribution. Although most states agree that inheritance...
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Some lucky couples receive generous gifts from one of their parents upon matrimony. Often, these gifts go toward the purchase of their marital home. In the unfortunate event that couples find themselves filing for divorce, that generous monetary gift may turn into an arguing point during property division. If one set of in-laws gifts an...
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During a divorce, it’s anyone’s guess why one spouse will demand ownership of a certain item. Sometimes what seems to be clear cut property division, turns into a battle of the wills. When something of yours becomes the object of obsession for your soon-to-be ex, how do you put a stop to it and get...
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Many people think of divorce as an ugly battle over the things that were once shared between two people. However, sometimes when individuals mutually agree to end a marriage, there is no battle just an agreed dissolution. Not very often but occasionally, we see couples that agree on the general terms of their divorce but...
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Painters, sculptors, writers and other artists often regard their artwork as their sole intellectual property. However, the state of Texas may not agree when an artist begins divorce proceedings. The artwork is considered part of the marital estate and must treated one of the estate’s assets when beginning the division of property. A spouse may...
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People who are divorcing in Texas will normally have all of the property they acquired during their marriage divided equally between them and their former spouses. Texas, as a community property state, has a presumption of equal division of the community property. Community, or marital, property in Texas includes all of the property either spouse...
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